Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: S.O.S.
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May 28, 2013 11:54AM

Teck exercising one of it's earn-back options is not a surprise so no groans from me. Even if it's 20% that would make sense because they de-risk their investment until the EA comes through, as Dogger says. Then they can buy out the remaining (which is something RabidTiger first proposed quite a long time ago now.)

We should also have a drill plan for this summer but with a lot more money behind it. Even having a junior with access to lots of money that won't dilute should make a difference in this market.

I would prefer a huge buyout price, but it seems imperative that Teck take something. Just more waiting...

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